New Maine hospital getting $280 M from bond sale

Friday

Jul 29, 2011 at 3:30 PM

AUGUSTA, Maine (AP) — Plans for a new regional hospital in Maine's capital city are clearing a final hurdle with the sale of $280 million in bonds.

The Kennebec Journal in Augusta says MaineGeneral Medical Center is securing construction money from the tax-free bonds, which are being sold through the Maine Health and Higher Education Facilities Authority.

The sale sets the stage for construction. Equipment should start showing up at the site the second week in August.

Supporters have been talking about the hospital project since 2002. The new hospital will consolidate inpatient beds now at the Mid-Maine's Waterville hospital and those at its downtown Augusta hospital.

The new hospital will be next to the Harold Alfond Center for Cancer Care, Maine General's largest outpatient clinic.

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